Some dollar buying by exporters, however, helped the rupee recover its lost ground at the fag-end. The domestic currency finally settled at 69.62, up by 5 paise over its previous close.
Rupee rises 9 paise to 69.58 in early trade amid reports on India’s arrangement for alternate crude oil sources
The rupee was also buoyed on reports that India has lined up alternate sources to make up for likely shortfall in crude supplies, forex dealers said.
Sensex plunges over 300 points in early trade on sinking rupee, soaring crude prices; Yes Bank, ICICI Bank, Maruti among losers
Bucking weak market trend, TCS, PowerGrid, HCL Tech, Infosys, HDFC Bank and NTPC rose up to 1.31 percent.
Rupee rises for third straight day; up 19 paise at 68.92 on sustained foreign fund inflows, low crude prices
The rupee on Wednesday had strengthened by 19 paise to 69.11 against the US dollar. In the last three trading sessions, it has appreciated by 75 paise.
Forex dealers said, strengthening of the American currency in the overseas market weighed on the rupee.
Rupee's upward move continues for second straight session, rises 19 paise to 69.11 on strong foreign fund inflows
The rupee had strengthened by 37 paise on Tuesday to close at 69.30 against the US dollar.
Forex dealers said, selling of the American currency by exporters supported the rupee.
Rupee rallies for third day to close at fresh two-month high of 69.54; gains 60 paise in last three sessions
However, a continuous rise in global crude oil prices kept rupee under some pressure, restricting its gains.
Rupee rises 8 paise to 70.10 against dollar in early trade; choppy trend at stock exchanges limits gains
The dollar was weak against major currencies in global markets which supported the local currency, a currency dealer said.
Rupee fall continues unabated: Currency slides 33 paise to 72.96 against US dollar on demands from importers
On Monday, the local currency had ended sharply lower by 43 paise to 72.63 against the US dollar after crude prices soared ahead of impending US sanctions on Iran.
Here are seven charts that show us how Indian currency's unabated fall having an impact on various macroeconomic indicators.